TECH
Bearish Outlook for $QQQWe have multiple areas of support, resistance, and technical targets all converging in one place right now- ~$292. So far, price has bounced from its bottom and then reversed off of the descending wedge. This is not a prediction, but rather a possible path of least resistance that I see with current price action. $QQQ
NIO Bounce? Nio. along with most tech and EV stocks has aggressively sold off over the last month. But is the selling really over or was this a dead cat bounce? I for one hope for the former. Here is what I am looking for in Nio from a technical standpoint:
- Bounce off the $31.86 level with candle close just below the 180 EMA (Happened)
- Green Candle break above $38.59 level with candle close above 180 EMA (Happened)
- Green candle close above $42.76 (38.2% fib level)
- Consolidation of candle bodies between $42.76 (38.2% retracement) and $46.12 (50% retracement) with buying pressure pushing price into $46.12 (50% retracement) - $49.49 (61.8% retracement level).
- Price crossing over 20 EMA and hold as support
- 20 EMA crossing over 50 EMA with heavy volume
I have an open position in NIO with $37.80 avg and I plan to add to my position with a 50% retracement break and hold. I will also add more to my position when price breaks above the 20 EMA and retests as support. The last addition to my position will be if the 20 EMA crosses over the 50 EMA.
EARS Long Swing-Trade IdeaThe rising reverse wedge pattern highlights common lower support and higher resistance trend.
A pattern has emerged where the price appears to spike on/around the 9th and 21st of the month and the price seems to rise up to the next level of the fibonacci retracement (Support/Resistance).
I would consider taking a long position at the $3.50 level for a potential move up to $6.00 by 22/Mar/2021.
The fibonacci retracement levels are derived from a previous high volume price spike event that occurred on 1/Dec/2020 wherein the highest concentration of volume occurred at the $5.14 - 5.61 price range.
It is probable that a high number of investors are locked in within that price range and may induce more sellers at these levels, thus there will be significant resistance to pass through that price range on the next spike. $6.00 is possible, but $5.50 may be a more realistic price target due to resistance.
I currently have no position in EARS, so this is just my unbiased opinion based on previous stock performance.
$QQQ China saves tech? Stimmy rip?Ascending channel has broadened the last few days. 2 Important catalysts tomorrow that could move this index. Fully expect more volatility. I would love to see it reach the .382 fib. Notice how the .618 didn't hold after 3 days. Look to AAPL to confirm the move to the upside.
QQQ chop sideways?The QQQ and NASDAQ have fallen after a Head & Shoulders pattern.
Market is volatile and I am unsure if we are out of the woods, stimulus news on the 14th works as a catalyst for value stocks and may hurt tech stocks further.
We are making lower lows. Only disagreement is between RSI and Price.
This pattern is a bullish divergence where we see price making lower lows and lower highs while RSI is making higher lows and higher highs.
PLTR trend line area of valueDiscount entry at a great area of value. Simply wait a bit for a reversal confirmation. Great risk reward.
GE GE Technical Analysis
GE brings to market innovative solutions that deliver essential energy, healthcare and transportation infrastructure. We work with the highest integrity, compliance culture and respect for human rights while also reducing the impact of our technology and environmental footprint.
"It's inevitable"
Like, Follow, Agree, Disagree
What do you think?
I got price going $22 and TO THE MOOOOOOON!
GEGE brings to market innovative solutions that deliver essential energy, healthcare and transportation infrastructure. We work with the highest integrity, compliance culture and respect for human rights while also reducing the impact of our technology and environmental footprint.
"It's inevitable"
Like, Follow, Agree, Disagree
What do you think?
I got price going $22 and TO THE MOOOOOOON!
Virgin GalacticWe are the world’s first commercial spaceline and vertically integrated aerospace company. With our sister company, The Spaceship Company, we are developing and operating a new generation of space vehicles to open space for everyone.
We are comprised of hundreds of dedicated and passionate professionals, united in creating the world’s first commercial spaceline. Our mission – to be the spaceline for Earth – means we focus on using space for good while delivering an unparalleled customer experience.
Through our work, we believe we can help inspire future generations and make it possible to see our beautiful home planet from a new perspective.
We are proud to be part of the incredible spaceflight story. It is thousands of years in the making and driven by the deeply human need to explore our universe, to innovate and to create a better future for our society and our planet.
Our world-class team – comprising of engineers, technicians, mission controllers, and many more wonderful professionals – continues to push the boundaries of technology and exploration. Our dedication to finding the best people for Virgin Galactic has resulted in our unique and inspiring sense of purpose, and a strong culture of safety and achievement.
Like, Follow, Agree, Disagree!
What do you think?
KBNT Swing-trade (and potential long-term growth) ideaKBNT (Kubient, Inc.) is an advertising technology (Ad-Tech) company that has been introducing some powerful (and proprietary) fraud-prevention tech into the marketplace, where others in this space can only offer to reimburse customers after they have already paid for ads that are later found to be fraudulent (with no possibility of ever being displayed to a real prospective customer), Kubient's machine-learning Artificial Intelligence (AI) system has proven itself capable of identify and preventing ad-fraud during the live bidding process before customers (Advertisers) actually pay for their advertising space. This tech has drawn the interest of big names like; the Associated Press (AP) that was actually one of the early beta testers, as well as other major players, including Google. The company has positioned itself well to become a standard setter in the industry. I expect their partnership's with the Associated Press and Google among others could increase revenues far beyond estimates, as we can derive from KBNT's SEC filing (Form S-1) dated 7/2/20, they stand to see an increased revenue stream of around $500k/quarter from the Associated Press alone. So definitely worth doing your own due diligence here (Don't take my word for it), but the upside looks very good in my opinion. TTD (The Trade Desk, Inc) is a good example of where I see this going over the next 5-years.
WATTImagine just sitting or standing in a room where all of your devices are charging simultaneously without the need for a cord or device to connect your phone too. Imagine that....
I love this innovation and they have some good news behind them.
Like, Follow, Agree, Disagree!
What do you think?
Details in photo.